Be careful with margin trading. (story)

[enhu]

There are people who are good at it. I'm not sure how they do it but margin trading is best in FOREX market.
I really believe margin trading isn't suitable for BTC because of its volatility. In trading you just have to buy, wait and sell. No take profit or stoploss, you just decide when to sell or buy as long as you are in the platform where there is a huge volume. There ain't no signal group needed for that.

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[mindrust]

I don't understand what's so hard about "buying and holding". Margin trading is a huge gamble. It always was and now you are doing it on a unregulated, volatile asset like bitcoin. I am sorry but whoever playing with this crap deserves to lose money. You knew the risks before getting into this.

[iamaruf]

sorry for your friend loss
But it’s risky to follow signals from group. Even when i was new in trade I also trust on signal.Few days later I saw many scams Report. If you Follow there signal they will make profit from you.they try to Trade with shitcoins.they will buy coin first then they will give you a signal to buy and hold. That time price will be rise and signal provider will sell his coin.and finally you will loss your money. So,stay away from this kind of shit group         

[alan2here]

sorry for your friend loss
But it’s risky to follow signals from group. Even when i was new in trade I also trust on signal.Few days later I saw many scams Report. If you Follow there signal they will make profit from you.they try to Trade with shitcoins.they will buy coin first then they will give you a signal to buy and hold. That time price will be rise and signal provider will sell his coin.and finally you will loss your money. So,stay away from this kind of shit group          

I think margin trading needs to be good at market analysis because not everyone can make good profits from margin. In fact, many people have lost all their assets by this method,so if you are an investor with a bad mentality, it is best not to participate because the risk from margin trading is very high and will easily make you you depressed. In my opinion, we should trade normally and choose good investments to hold in the long term because that is the easiest way to make a profit.

There are currently over 1,000 telegram channels involved in margin trading and will usually charge members for VIP groups so you should think carefully and don't trust them.

[Darooghe]

I don’t recommend any margin trading that involves borrowing money you can’t afford to lose or repay, i think crypto margin is pretty gamble. trading on margin is a very easy way to lose a lot of money really quickly. in some cases margin isn't that high, but it can still wreck you very easily because of the bigger swings bitcoin can make, like the $1000 drop 2 weeks ago would mean your money is gone. However you can try it for yourself with a small amount. Nothing will teach you as good as your own rekt, and don't forget that never trade on group signals.

Dont trust any signal group its better to built your own strategy on trading

Agree. However, its not enough to have a strategy. You need to stick with it and develop it, and when it's not profitable you should switch your strategy up based on trial and error, and you should work with your strategy under discipline.

[Omega Weapon]

I guess I’ll say a few commonplace things, but I can’t be silent.

My friend lost a lot of money in the last bitcoin move. The story is that he traded on signals.
Having a deposit of several thousand dollars, he received a signal (these were signal from one very famous trader, he trains him) to open a short position with a leverage of 2.5x at the level of approximately $ 8000 (I may be slightly mistaken).
As you know everyone was waiting for the fall of Bitcoin. My friend shared information with me, but I decided that I would spend this weekend without trading.

In general, before going to bed, my friend decided to check the market, and was delayed for 5 minutes. These 5 minutes decided everything.
He saw how the price of bitcoin began to grow at a frantic pace. He was shocked. At first he wanted to give the debt back to the exchange,
but it didn’t work out because he was sitting on the phone, and in the application from the Huobi exchange there was simply a disgusting procedure for returning the debt, absolutely not intuitive.

In general, when the price reached $ 10,000, he was already in a panic, did not know what to do, because the liquidation price was displayed as $ 10,200.
He frantically begins to buy Bitcoin for the remaining USDT, thereby increasing the liquidation limit, but he did not have time, and his position was liquidated.
He lost a significant amount, and fell into a rather severe upset.

Another story of a person using margin trading and suffering the consequences, even famous traders have lost everything when they were margin trading and they probably knew more about the markets than what we are going to know about the subject during our lives, with the volatility of this market using margin trading is asking for trouble, and your friend was using a manageable level of leverage I have seen traders claiming they use a lot more leverage than that.

[daarul50]

I don't understand what's so hard about "buying and holding". Margin trading is a huge gamble. It always was and now you are doing it on a unregulated, volatile asset like bitcoin. I am sorry but whoever playing with this crap deserves to lose money. You knew the risks before getting into this.

+1

trading itself is a high risk business especially for those who have no clue but staright to trade with zero knowledge.

common mistake that we have seen frequently, even more so the margin trading it is deadly , any pro trader/mentor will encourage to avoid the margin trading , i just can not understand the way his mentor teach them to trade.
margin trading is totally a bad idea no matter for those who have a big bankroll or those who have limited bankroll.

have a debt is something you should avoid all the time to achieve the real financial freedom, is it your goal? oh and margin trading is definitely a bd debt.

[NathanJB]

I don't understand what's so hard about "buying and holding". Margin trading is a huge gamble. It always was and now you are doing it on a unregulated, volatile asset like bitcoin. I am sorry but whoever playing with this crap deserves to lose money. You knew the risks before getting into this.

The potential gains are too shiny to resist to a lot of people. Margin trading is dangling in front of you a big prize and a way to do it. But what is also waiting along with it is the high possibility of your wallet eaten up whole.

This is a sorry tale. Lessons should be learned because of this. If one is not sure about his calls, don't do it on margin trading. If his TA source is pure random, avoid margin trading. Cut loss may not be enough. If you are not even a good trader yet, better avoid margin trading at all. Why don't we just spot trade instead?

[Apened]

I like signals because it makes us money that's true but if we know what we are going to do when to enter and when to sell. I've been there in the past following signals etc but really not knowing how to deal on it. No matter how much money you have if you only follow signals then maybe someday you will be caught and didn't know how to trade or what to do when your money is at losing state.
Signal are high chances but you have to act fast think fast and take profits. Signals is for greedy people, why? Because they want to follow others to earn but not knowing its real process.

[toshkan]

whne u margin trade u r trading against bots and algos so they r ruining the short term setups so zzom out and aim for swings not scalps, when u spend ur hard earned money on someone else analysis u don't know his time horizen neither how much to risk and where to put ur stop and when to take profit, most paid group leaders had no idea what they r doing however there are some paid groups that teach u how to catch a fish

[beerlover]

There are tons of people who have lost money on signal groups back in 2018. It was the time when bitcoin started to go down and altcoins looked like they were going down a bit as well but some ICO's or some tiny market cap coins looked like they were hanging in there.

People were moving their money from bitcoin to other smaller stuff so they could recoup the bitcoin loss plus make some money and back in those days there was a lot of people who have lost money to signal groups. Telegram had millions of them, some idiot just wrote a bot that notified people when Bollinger band dropped under 20 and they charged people for this, it was the most stupid thing I have ever seen and yet the people who ran those signal groups made more money than all traders. That is why people always say "in a gold rush, only the shovel sellers make money".

[teosanru]

I guess I’ll say a few commonplace things, but I can’t be silent.

My friend lost a lot of money in the last bitcoin move. The story is that he traded on signals.
Having a deposit of several thousand dollars, he received a signal (these were signal from one very famous trader, he trains him) to open a short position with a leverage of 2.5x at the level of approximately $ 8000 (I may be slightly mistaken).
As you know everyone was waiting for the fall of Bitcoin. My friend shared information with me, but I decided that I would spend this weekend without trading.

In general, before going to bed, my friend decided to check the market, and was delayed for 5 minutes. These 5 minutes decided everything.
He saw how the price of bitcoin began to grow at a frantic pace. He was shocked. At first he wanted to give the debt back to the exchange,
but it didn’t work out because he was sitting on the phone, and in the application from the Huobi exchange there was simply a disgusting procedure for returning the debt, absolutely not intuitive.

In general, when the price reached $ 10,000, he was already in a panic, did not know what to do, because the liquidation price was displayed as $ 10,200.
He frantically begins to buy Bitcoin for the remaining USDT, thereby increasing the liquidation limit, but he did not have time, and his position was liquidated.
He lost a significant amount, and fell into a rather severe upset.

Personally, I believe that all this could be avoided if:
1. Do not trade on signals
2. It doesn’t matter if you trade in signals or always set your own stop loss, even in the most obvious situations when it seems that there can be no other way.
3. Remember that margin trading can deprive you of your pants at any time. These are extremely high risks.
4. Be prepared for losses. If you take a risk, then accept responsibility for this risk at the time of opening a position, and not after its closure.


Be smart and take care of yourself guys.

I think the most basic lesson this post gives you is that always keep a mechanical stop loss fed into your system and your stop loss should be at market which means sell at whatever price possible because in high volatile markets like Crypto price generally jumps suddenly over a point and chances are that your limit price never actually came after the trigger was made. Moreover stop loss should be so calculated that your risk per trade doesn't even increase more than 5% of your capital. I generally say 2% but people here have less capital so 5% would be a fair deal. But this should be the maximum cap and you shouldn't ever risk more than 5% of capital per trade.

[josephdd1]

That's what happens when inexperienced traders try to play with advanced trading platforms—they get ruined.

If you don't have SERIOUS knowledge about trading and are able to generate a consistent profit without leverage, then you have no business trading at margin trading platforms.

Now your friend has learned an expensive lesson, he is lucky it wasn't his life savings.

[puertorikosena]

I think that margin trading is more suitable for experienced traders, but not for those who make trading decisions on signals. If you have already decided to engage in margin trading, then strictly limit your losses by setting spot-loss.

[Bob Smith]

Personally, I believe that all this could be avoided if:

 Remember that margin trading can deprive you of your pants at any time. These are extremely high risks.
Be prepared for losses. If you take a risk, then accept responsibility for this risk at the time of opening a position, and not after its closure.


Be smart and take care of yourself guys.

Agree with you sir, margin trading has to be handled very carefully. Can you provide us with some actions that can be taken to minimize those risks involved?

[tambok]

Personally, I believe that all this could be avoided if:

 Remember that margin trading can deprive you of your pants at any time. These are extremely high risks.
Be prepared for losses. If you take a risk, then accept responsibility for this risk at the time of opening a position, and not after its closure.


Be smart and take care of yourself guys.

Agree with you sir, margin trading has to be handled very carefully. Can you provide us with some actions that can be taken to minimize those risks involved?

We are the one responsible with our money, fund or our investment, there's no one to be blame if we follow the signals of some traders, we followed because we don't have much money. So, once you lost from trading, it is your pure responsibility and accountability.

Anyway, as per me, I don't rely on paid signals or even from a friend signal, yes, I do love to do trading, but I am learning it on my own, or from some people but I don't rely on their signals, just analyzing their strategy.

[btcto200k]

Margin trading is really hard, even for expert usually they are on wrong step and then lose too much in margin trading. Maybe your friend need to take a rest first, trading in margin is have bigger risk because it is not like trading as usual when we can hold as long as we want.

Couldn't agree more. Trading simpler is much easier at first than margin trading.

[consideritdone]

while its hard many people still trade bitmex perpetual with margin
https://www.coingecko.com/en/derivatives
$11B volume traded

[Oilacris]

Personally, I believe that all this could be avoided if:

 Remember that margin trading can deprive you of your pants at any time. These are extremely high risks.
Be prepared for losses. If you take a risk, then accept responsibility for this risk at the time of opening a position, and not after its closure.


Be smart and take care of yourself guys.

Agree with you sir, margin trading has to be handled very carefully. Can you provide us with some actions that can be taken to minimize those risks involved?

We are the one responsible with our money, fund or our investment, there's no one to be blame if we follow the signals of some traders, we followed because we don't have much money. So, once you lost from trading, it is your pure responsibility and accountability.

Anyway, as per me, I don't rely on paid signals or even from a friend signal, yes, I do love to do trading, but I am learning it on my own, or from some people but I don't rely on their signals, just analyzing their strategy.

That should how people think off where its better to trade and learn on your own rather than fully relying on paid or follow up signals from other traders.

You said that you follow signals because you don't have much money? No, its total nonsense if you do had this kind of reasoning.Our success doesn't vary
if we do have a lot of funds or not.

[Asmonist]

We'll just follow some certain rules and guidelines in trading. Margin trading is somehow too risky and can make you a bigger chances of losses.  Relying to something uncertain is too risky and prone to losses. Its better to have a little than  risking too much to gain big.